Top News | New Trump Tariffs Expected to Cost Americans $100 Billion a Year
Support independent journalism Without readers like you, we wouldn’t exist. DONATE Friday, July 24, 2026 Trump Unveils Sweeping New Tariffs Expected to Cost Americans $100 Billion a Year "These new tariffs are more of the same: a nationwide sales tax that will make life even harder for families already struggling under the costs of Trump’s reckless war in Iran." President Donald Trump on Thursday unveiled a new package of tariffs targeting 60 countries that account for over 99% of US imports, a move that—if upheld in court—would cost Americans an estimated $100 billion per year in the form of higher costs. The duties, ranging from 10% to 12.5% , were announced as part of the president’s effort to maneuver around repeated court rulings against his sweeping tariffs, including by the conservative-dominated US Supreme Court . Jamieson Greer, the Trump administration’s top trade official, pointed to Section 301 of the Trade Act of 1974 to justify the new tariffs, introduce...